FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited financial statements are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common shares" refer to the common shares in our capital stock.

As used in this quarterly report, the terms "we", "us", "our" and "our company" mean Tiger Oil and Energy, Inc., and our wholly-owned subsidiaries, C2R, Inc., a Nevada Corporation, and Jett Rink Oil, LLC, a Kansas Limited Liability Company, unless otherwise indicated.





General Overview

We were incorporated under the laws of the State of Nevada on November 8, 1993 under the name "UTEC, Inc.". On October 29, 2010, we changed our name to Tiger Oil and Energy, Inc. We are engaged in the business of exploration, development and production of oil and gas in the United States.

Our business and corporate address is 123 West Nye Lane, Suite 129 Carson City, NV 89706. Our corporate website is www.tigeroilandenergy.com.

We have two wholly-owned subsidiaries, C2R, Inc., a Nevada Corporation, and Jett Rink Oil, LLC, a Kansas Limited Liability Company.

We have never declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.





Our Current Business

On October 27, 2010 we entered into a co-development agreement with Black Hawk Exploration, (BHWX), in which we, after an investment of $400,000 by our company in a new well in Black Hawk's Cowley County lease, will earn a 40% working interest in the # 1 Baker well, BHWX will receive a 50% interest in the new well and our company will have the right to participate in the nine-well rework program at the Cowley Prospect. BHWX will receive a 20% interest in any other new well our company drills on Black Hawk's current or future Cowley County, Kansas leases and Black Hawk has the option to invest in each additional new well drilled by our company on a prorated basis up to an additional 30%.



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On November 29, 2010, our company expanded our original agreement and entered into a co-development agreement with Black Hawk Exploration covering approximately 2,553 acres of oil and gas leases in Cowley County, Kansas. BHWX owns 100% of the leases within the Prospect Area and has an undivided 81.5% working interest in and to the oil and gas leases and their previous 10 shut-in oil and gas wells.

The joint agreement includes in one shut-in oil/gas well, the #1 Baker, located on the Keith Baker lease. Also subject to joint development is a 100% interest in 9 other oil wells previously shut-in. Our company's program calls for re-working all 10 locations directly or in joint venture with Black Hawk and returning all of them to cash flow production.

On February 4, 2011, we retained International IR Inc. (IRR) to provide media services. IIR is a strategic consulting firm that works primarily with emerging growth companies in the resource sector. IIR will focus on providing multiple information platforms to our shareholders and advise as well as negotiate on behalf of our company, acquisition, exploration and joint venture agreements and strategies.

On February 9th, 2011, we acquired a 100% interest in three Oil and Gas leases totaling 400 acres in Southern Kansas, comprised of three historically productive properties. Our Geologist has reviewed the Holman #2, #3, #4, and #5; the Adams #1 and the Glasse wells commonly known as the Wise #1 and Roberts #1 and have recommended a seven-well exploration and production study. All the leases acquired by the parties covering lands within the prospect area are owned 100% by TGRO with an undivided eighty-one and one-half percent (81.5%) working interest in the oil and gas leases described. Our company issued a Note and 250,000 shares of our common stock in the acquisition. We will require an investment of $400,000 to initiate putting these wells back into production. Management believes this can be accomplished and is considering various options to acquire this funding, but has not yet entered into an agreement to do so.

On May 4, 2014, we acquired 30% WI in the DeFore and Stalnaker leases in Cowley County from a company affiliated with the President of our company. We paid $402,000 for their share of drilling two wells on the leases. Both wells went online and began production in 2015.

On June 27, 2019, we entered into a Lease and Well Purchase Agreement (the "Lease") with OMR Drilling and Acquisition, LLC. Under the Lease, we agreed to pay OMR $20,000 to purchase a 100% working interest and an 87.5% net revenue interest on the Upchurch lease and one oil well located in Clinton County, Kentucky. OMR Drilling has been appointed by the registrant as its agent and attorney to manage and operate the lease and the oil well on the property.

Our company will continue to evaluate shut in wells in the states of Kansas and Oklahoma with intention of putting historically productive wells back into production at the least cost. We will then need to enter into private placement agreements to fund the programs.

Results of Operations

We have earned minimal revenues since inception.



Three Months Ended September 30, 2019 Compared to Three Months Ended September
30, 2018



                        Three Months Ended
                           September 30,
                        2019           2018         Change        %
Revenue             $    4,843     $    2,424     $  2,419       100 %

Operating expense      (73,977 )      (64,421 )     (9,556 )      15 %
Other expense         (143,739 )     (142,816 )       (923 )       1 %
Net loss            $ (212,873 )   $ (204,813 )   $ (8,060 )       4 %


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Our consolidated condensed interim financial statements report a net loss of $218,873 for the three months ended September 30, 2019 compared to a net loss of $204,813 for the three months ended September 30, 2018. Our losses have increased by $8,060, primarily as a result of an increase in operating expense offset by an increase in revenue.



Nine Months Ended September 30, 2019 Compared to Nine Months Ended September 30,
2018



                           Nine Months Ended
                             September 30,
                         2019             2018           Change          %
Revenue             $      8,851     $     13,023     $    (4,172 )     (32 %)
Operating expense       (233,881 )     (1,293,499 )     1,059,618       (82 %)
Other expense           (977,916 )       (329,056 )      (648,860 )     197 %
Net loss            $ (1,202,946 )   $ (1,609,532 )   $   406,586       (25 %)

Our consolidated condensed interim financial statements report a net loss of $1,202,946 for the nine months ended September 30, 2019 compared to a net loss of $1,609,532 for the nine months ended September 30, 2018. Our losses have decreased by $406,586, primarily as a result of stock based compensation and interest expense offset by an increase in loss on change in derivative liability.

Liquidity and Capital Resources

The following table provides selected financial data about our company as of September 30, 2019 and December 31, 2018, respectively.



                              September 30,     December 31,
                                  2019              2018           Change        %
Current assets               $      16,858     $     13,174     $    3,684       28 %
Current liabilities          $   1,504,057     $  1,302,975     $  201,082       15 %
Working capital deficiency   $  (1,487,199 )   $ (1,289,801 )   $ (197,398 )     15 %


Working Capital

As at September 30, 2019 our company's cash balance was $9,877 and total assets were $36,858. As at December 31, 2018, our company's cash balance was $2,451 and total assets were $13,174.

As at September 30, 2019, our company had total liabilities of $1,518,916, compared with total liabilities of $1,317,087 as at December 31, 2018.

As at September 30, 2019, our company had a working capital deficiency of $1,487,199 compared with working capital deficiency of $1,289,801 as at December 31, 2018. The increase in working capital deficiency was primarily attributed to an increase in convertible notes payable and derivative liability.

The report of our auditors on our audited consolidated financial statements for the fiscal year ended December 31, 2018, contains a going concern qualification as we have suffered losses since our inception. We have minimal assets and have achieved no operating revenues since our inception. We have been dependent on sales of equity securities to conduct operations. Unless and until we commence material operations and achieve material revenues, we will remain dependent on financings to continue our operations.



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Cash Flows



                                             Nine Months Ended
                                               September 30,
                                            2019           2018          Change         %

Cash used in operating activities $ (267,324 ) $ (157,963 ) $ (109,361 ) 69 % Cash used in investing activities $ (3,000 ) $ (5,000 ) $ 2,000 (40 %) Cash provided by financing activities $ 277,750 $ 166,250 $ 111,500 67 % Cash and cash equivalents on hand $ 9,877 $ 3,914 $ 5,963 152 %

Cash Flows from Operating Activities

Net cash used in operating activities during the nine months ended September 30, 2019 was $267,324, compared to $157,963 net cash used in operating activities during the nine months ended September 30, 2018.

Cash Flows from Investing Activities

Net cash used in investing activities during the nine months ended September 30, 2019 was $3,000, compared to $5,000 net cash used in investing activities outflow during the nine months ended September 30, 2018.

Cash Flows from Financing Activities

Cash provided by financing activities during the nine months ended September 30, 2019 was $277,750 as compared to $166,250 cash provided by financing activities during the nine months ended September 30, 2018.





Cash Requirements

We will require additional cash as we continue our business. To carry out our business plan, we will need to raise additional capital. There can be no assurance that we will be able to raise additional capital or, if we are able to raise additional capital, the terms we be acceptable to us.

These conditions indicate a material uncertainty that casts significant doubt about our ability to continue as a going concern. We require additional debt or equity financing to have the necessary funding to continue operations and meet our obligations. We have continued to adopt the going concern basis of accounting in preparing our financial statements.





Future Financings

We anticipate continuing to rely on equity sales of our common stock in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

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